Billionaire investor Buffett offloads Bank of America shares worth $982 million in latest sale

Aug 28th, 06:52:16

(Reuters) - Billionaire Warren Buffett's Berkshire Hathaway has sold some more shares of Bank of America over the past few days, raking in $981.9 million, as the conglomerate continues to trim down its stake in the second-largest U.S. lender.

Berkshire has now shed about $5.4 billion worth of Bank of America shares in a string of sales since mid-July.

The conglomerate sold about 24.7 million shares of the lender between Aug. 23 and Aug. 27, according to a regulatory filing on Tuesday.

https://app.piqsuite.com/reuters/billionaire-investor-buffett-offloads-bank-of-america-shares-worth-982-million-in-latest-sale